What the nominal exchange rate is and how it explains the peso's appreciation or depreciation against the dollar

FinanceColombiaPulzoOct 22, 2026, 8:44 AM40 s readAI summary

The nominal exchange rate indicates how many Colombian pesos are needed to buy one US dollar. When the rate rises, the peso depreciates and imports become more expensive; when it falls, the peso appreciates, making foreign goods cheaper but reducing exporters' competitiveness. The Representative Market Rate (TRM) is calculated as the simple average of the weighted rates of daily dollar purchase and sale transactions, with participation from commercial banks, brokerage firms, the National Development Finance Company and Bancoldex. The latest published reference sets one dollar at 3,191.47 pesos.

In 40 seconds

The nominal exchange rate sets how many pesos are needed to buy one US dollar.
A rise in the rate means peso depreciation and makes imports more expensive.
A fall in the rate means peso appreciation and can reduce exporters' competitiveness.

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IASummary generated by artificial intelligence from a story by Pulzo. It may contain errors: the original source prevails.

tasa de cambio
peso colombiano
dólar
TRM
divisas

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What the nominal exchange rate is and how it explains the peso's appreciation or depreciation against the dollar

In 40 seconds

Comments

Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day